Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Andina Capital Management LLC

Andina Capital Management LLC grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,708 shares of the technology company’s stock after purchasing an additional 58 shares during the period. Andina Capital Management LLC’s holdings in Watts Water Technologies were worth $347,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Champlain Investment Partners LLC acquired a new stake in shares of Watts Water Technologies in the 3rd quarter worth approximately $47,238,000. Boston Trust Walden Corp raised its stake in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after buying an additional 195,778 shares during the last quarter. Millennium Management LLC grew its stake in Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company’s stock valued at $38,324,000 after acquiring an additional 191,146 shares during the last quarter. Erste Asset Management GmbH purchased a new position in Watts Water Technologies during the 3rd quarter valued at about $10,792,000. Finally, Allspring Global Investments Holdings LLC raised its position in Watts Water Technologies by 79.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company’s stock worth $22,000,000 after acquiring an additional 47,123 shares during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Price Performance

WTS opened at $210.52 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $209.23 and its 200 day moving average price is $201.90. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $222.70. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.45 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The firm had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.83 million. During the same period last year, the company earned $2.04 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Insider Transactions at Watts Water Technologies

In related news, General Counsel Kenneth Robert Lepage sold 2,607 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total transaction of $554,561.04. Following the transaction, the general counsel now directly owns 11,457 shares of the company’s stock, valued at $2,437,133.04. The trade was a 18.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shashank Patel sold 4,569 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the sale, the chief financial officer now directly owns 15,635 shares of the company’s stock, valued at $3,269,278.50. The trade was a 22.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $220.50.

Watts Water Technologies Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.